Brookings Podcast on Economic Activity
Science:Social Sciences
In an effort to quell post-pandemic inflation, the Federal Reserve raised short-term interest rates eleven times since March 2022, with the federal funds rate now at its highest in over 20 years. Historically, such interest rate hikes—or even the suggestion of hikes—has triggered financial crises in emerging markets and developing economies. But, so far, that hasn’t happened. In this episode of the Brookings Podcast on Economic Activity, Şebnem Kalemli-Özcan and Filiz Unsal discuss their new study, which examined how improved monetary policy credibility in these countries may have improved their resilience to American financial trends.
Show notes and transcript
The Brookings Podcast on Economic Activity is part of the Brookings Podcast Network. Subscribe and listen on Apple, Spotify, or wherever you listen to podcasts. Send feedback email to podcasts@brookings.edu.
Do US states have different recoveries from economic shocks?
How did Jamaica halve its debt in 10 years?
What do we miss in standard supply chain measures?
How worried should we be about wage-price spirals?
Is the post-pandemic surge in business dynamism here to stay?
How did Germany fare without Russian gas?
Why is life expectancy falling faster for adults without a BA?
What’s BPEA’s role in shaping economic policy?
Why haven’t workers returned to the labor force after COVID-19?
What is the evidence for deglobalization?
How much will the climate provisions in the IRA cost, and what will they achieve?
How did credit market interventions affect macroeconomies during COVID-19?
How did pandemic payments affect the US economy?
Will a strong dollar hurt emerging markets?
How bad will the economy get before inflation gets better?
What does more remote work mean for workers and the economy?
Introducing the Brookings Podcast on Economic Activity
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